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Four passengers onboard the boat were taken by ambulance to Hilo Medical Center, according to the Hawaii County Fire Department . Three people were taken to hospital, while the remaining nine passengers drove themselves to hospital with superficial injuries.

Microsoft Earnings Preview: Cloud, PC Trends Positive
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World Cup moves onto Qatar and a whole lot of problems
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U.S. dollar down on as Trump makes fresh threats vs China

State governors discussed ways Thursday to court foreign investment in the wake of President Donald Trump's trade disputes with countries including China, Canada and Mexico.

Following his tariffs threat, Donald Trump took to Twitter to blast China and the European Union for what he views as unfair trade practices. Its rate hikes are meant to prevent the economy from overheating and igniting high inflation.

Artjom Hatsaturjants, research analyst at Accendo Markets, said "market sentiment soured on President Trump criticising the Fed for hiking rates and threatening to go "whole hog" on imposing tariffs on all $500 billion of Chinese imports to the USA, further inflaming global trade tensions and putting at risk central bank independence".

Washington also is now targeting another $200 billion in imports which see fresh tariffs imposed as soon as September. Earlier this year, he used national security as a justification for taxing imported steel and aluminum. Critics lined up to urge the administration to reject auto tariffs. Higher auto prices for American consumers would inevitably follow.

"I'm not thrilled", Trump told the network in an interview excerpt aired yesterday. "We don't like what you're doing'".

Brookings Institution Fellow Joseph Parilla said governors don't decide US trade policy but can engage in direct economic diplomacy to encourage investment, while funding things like education and research at home. The Wall Street Journal's Grep Ip explains why Trump's anti-Fed outburst is in no one's interest, least of all his own.

"Analysts said the yuan's latest dip came after China's central bank indicated that it was willing to accept a weaker currency", CNN reports, as it will help China's huge export industry cope with new U.S. tariffs. It expects that 700,000 jobs would be lost.

Global markets have remained generally calm despite the eruption of a full-blown U.S. On Friday, the Dow Jones industrial closed down slightly.

China accused the US of starting the "largest trade war in economic history".

Stocks have wobbled this week as investors reacted to solid company results as well as heightened trade tensions.

But many analysts are skeptical that President Trump's tactics will produce such an outcome. The central bank says it bases the yuan's exchange rate on a basket of currencies but has never released details.

"That isn't how trade negotiations work", Yerxa said.

China has pledged to retaliate against U.S. tariffs in "equal scale and equal strength".

"What I saw in that brief excerpt is a president who is going to drive his trade and tariff policy forward regardless of outside objections", McKenna added.

"Chinese officials have pledged to retaliate, but the exact nature of the retaliation has not been announced".

"So far China has responded to the trade war by easing monetary policy and letting the yuan depreciate", JPMorgan economists Jahangir Aziz and Zhu Haibin wrote in a note Friday. This week brings a JP Morgan assessment, cited in this Financial Times editorial, suggesting Trump's tariffs don't pose significant risk for the global economy. Yet any such agreement would require extensive talks over how it would be implemented and verified.